Established and Profitable Adult Day Care
Mecklenburg County, North Carolina
| Asking Price: |
Gross: |
Cash Flow: |
| $1,600,000 |
$928,201 |
$484,698 |
Furniture and Fixtures Value:
$5,000 (included in the asking price)
Inventory Value:
$500 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Established Charlotte adult day care has served senior citizens and disabled adults in Charlotte and Mecklenburg County for almost three decades. As a State-Certified Adult Day Care and Day Health Services provider, the Company helps less-than-independent seniors and disabled adults maintain some independence in daily activities in a safe group and therapeutic environment. It also provides a safe and secure facility for caregivers to bring their loved ones to be cared for while they are at work. Services are provided from 7 AM to 5:30 PM, Monday through Friday, with no overnight services. A nurse is available during these hours. This profitable business is turnkey and ready for a new owner, as either a full-time owner-operator or semi-absentee like the current owner. The experienced staff is well-versed in the requirements, policies, and procedures of running the facility on a daily basis. Per the definition of SDE, the financials are for a full-time owner-operator. The SDE also includes a rent expense ($117,000 in 2023). If the buyer also acquires the real estate, they will not have this expense and will have this $117,000 available for debt service or other uses.
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| Year
Business was Established: 1995 |
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| Number of Employees:
4 FT/8 PT |
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| Facilities / Terms of Lease:
The Company operates out of a company-owned facility comprising 7,386 square feet and approximately 0.86 acres. The property is for sale for $1,325,000 or for lease for $124,000 NNN per year, payable monthly, with 3% annual escalators. |
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| Potential
Growth/Expansion:
There is a significant opportunity to expand the Company's online marketing and presence. The Company's facility could support approximately 40% more customers based on its licensed capacity. |
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| Competition:
The Adult Day Care industry is performing well and is expected to continue doing so through 2023 due to the steadily aging population and the high cost of alternative long-term care options. The industry has expanded due to increased government budgets and disposable income. Despite disruptions from COVID-19, revenue has continued to grow, with an expected 2.8% climb in 2023. As the elderly population grows, the demand for adult daycare services will also increase. IBISWorld forecasts industry revenue to climb at a CAGR of 2.7% to $7.6 billion through 2028, with the number of people with private health insurance expected to continue growing. |
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| Owner
willing to finance:
Lender pre-screened with $160K down. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retiring. |
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| REQUEST MORE INFO |
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